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DAIWA TSUSHIN Co., Ltd, First Half Ordinary Profit Decreases by 1%, Current Fiscal Year Dividend Revised Upward by 30 yen

Thu Nov 14, 2024 3:30 pm JST Earnings

7116 DAIWA TSUSHIN Co., Ltd 【J-GAAP】

Earnings Report

DAIWA TSUSHIN Co., Ltd <7116> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 139 million yen, a 0.7% decrease compared to the same period last year. The progress rate against the 392 million yen full-year plan was 35.5%, almost the same as the same period of the previous year of 37.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 9.5% from the same period last year, reaching 253 million yen.

At the same time, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 15 yen to 45 yen (compared to 10 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 92 million yen, a 7.1% decrease compared to the same period last year. The operating profit margin worsened from 7.9% in the same period last year to 6.4%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 2,222 142 139 69 25.7 57.7 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 2,396 172 182 87 32.2 46.4 Nov 14, 2024 J-GAAP
YoY +7.8% +21.1% +30.9% +26.1% +25.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 5 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 2,396 172 182 87 32.2 5 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 5,417 400 392 258 95.3 15 May 14, 2024 J-GAAP
Mar, 2025 New 5,417 400 392 258 95.3 45 Nov 14, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 2,662 92 102 48 17.8 10 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,021 228 210 171 63.2 40 Nov 14, 2024 J-GAAP
YoY +13.5% +147.8% +105.9% +256.3% +255.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 4,616 379 356 196 72.6 0 May 15, 2023 J-GAAP
Mar, 2024 4,884 234 241 117 43.3 10 May 14, 2024 J-GAAP
Mar, 2025 Guidance 5,417 400 392 258 95.3 45 Nov 14, 2024 J-GAAP
YoY +10.9% +70.9% +62.7% +120.5% +120.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,188 101 102 55 20.5 8.5 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,229 57 56 24 8.9 4.6 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,433 35 46 24 8.9 2.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,153 72 73 33 12.4 6.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,243 100 109 54 20.0 8.0 Nov 14, 2024 J-GAAP
YoY +4.6% -1.0% +6.9% -1.8% -2.4%

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